April eight, 2019
The funding seeks to broaden their product portfolio, embrace new options and increase their gross sales and tech sources.
Cloud safety agency Bitglass have raised USD 70 million in Sequence D funding from a brand new investor Quadrille Capital, with participation from current buyers like FutureFund, Norwest and SingTel Innov8. With this funding, Bitglass can be hiring gross sales & tech sources in addition to strengthening its current product portfolio by including new options and options.
Bitglass declare that enterprises want totally different cloud-based options that permit them to increase their safety insurance policies past their very own knowledge facilities. They are saying that curently, their choices permit enterprises to take action by utilizing a mix of APIs and proxies that facilitate extra management and visibility into cloud apps.
Nevertheless, Bitglass imagine that the necessity for cloud options with a distinct strategy has led to an elevated demand for cloud safety merchandise. They additional added that along with the present options, enterprises additionally anticipate attributes akin to id administration, mobility administration companies and compatibility with hybrid cloud environments.
Therefore, in a bid to cater to those calls for, Bitglass have raised a Sequence D spherical of 70 million which has now totalled their funding to USD 120 million. They declare that in an effort to meet this demand, they will even beef up their crew by hiring gross sales executives and engineers.
Market watchers imagine that this funding will permit enterprises to safe their cloud apps, environments in addition to knowledge facilities with ease. We wish to assume that this strategy by Bitglass will assist all their current and new cloud-native clients, particularly after they allied with Brace168 for cloud and knowledge safety.